The global photonics market size, which was USD 452.2 Billion in 2015, is estimated to reach USD 724.2 Billion by 2021 at a CAGR of 8.4% between 2016 and 2021.

The objectives of the report are as follows:

To define and segment the market for photonics

To provide detailed information regarding major factors influencing the growth of the market for photonics (drivers, restraints, opportunities, and challenges)

To analyze and forecast the market size of photonics, in terms of value

To analyze the market segmentation and project the market size, in terms of value, for key regions such as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa

To analyze competitive developments such as new product launches, capacity expansions, mergers & acquisitions, and partnerships & agreements in the market for photonics

To strategically profile key players in the market of photonics

The base year considered for the study is 2015, while the forecast period is between 2016 and 2021.

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global market and to estimate the sizes of various other dependent submarkets in the overall photonics market. The research study involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the global photonics market.

The value chain of the photonics market starts with the sourcing of basic raw materials, manufacturing and supplying to intermediate product manufacturers, and used for various end-use applications. The raw materials for these products are semi-conductor materials (such as silicon and Germanium), ceramics and crystals. Suppliers for these raw materials include Akzonobel High Purity Metalorganics (The Netherlands), Sumitomo Electric Industries (Japan), CDGM glass (China), Advanced photonics crystals LLC, (The US) and Foctek photonics Inc. (China). These products are then used by manufacturers such as Philips lighting holding B.V. (The Netherlands), Schott AG (Germany), Seagate Technology PLC (The U.S.), Furukawa Electric Co. Ltd. (Japan), and Trumpf Gmbh (Germany).

Key Target Audience:

Raw material suppliers

Photonics manufacturers

Traders, distributors, and photonics suppliers

Government and regional agencies, research organizations, and investment research firms

Scope of the Report:

This research report categorizes the global photonics market on the basis of application, end-use industry, and region.

Figure 1 Market Segmentation: PhotonicsFigure 2 Photonics Market: Research DesignFigure 3 Breakdown of Primary InterviewsFigure 4 Market Size Estimation: Bottom-Up ApproachFigure 5 Market Size Estimation: Top-Down ApproachFigure 6 Data Triangulation: Photonics MarketFigure 7 Security & Defense, Media, Broadcasting and Telecommunication Projected to Be the Leading Segment Between 2016 and 2021 (USD Billion)Figure 8 Information & Communication Technology to Be the Major Application for the Photonics MarketFigure 9 Asia-Pacific Projected to Lead the Photonics Market Between 2016 and 2021 (USD Billion)Figure 10 Opportunities Photonics Market Expected to Grow at A Moderate RateFigure 11 Photonics Market: Life Cycle AnalysisFigure 12 Photonics Market, By ApplicationFigure 13 Photonics Market, By End-Use IndustryFigure 14 Photonics Market, By RegionFigure 15 Photonics: Market DynamicsFigure 16 Photonics Market: Value-Chain AnalysisFigure 17 Porters Five Forces AnalysisFigure 18 Per Capita GDP vs Per Capita Photo Nics UsageFigure 19 Mega Cosnstruction Projects, By Region- 2015Figure 20 The Photonics Market From 2010 to 2016Figure 21 Information & Communication Technology Accounted for the Largest Share of the Photonics Market in 2015Figure 22 Asia-Pacific to Lead the Photonics Market in Displays Between 2016 and 2021Figure 23 Asia-Pacific to Register the Highest CAGR Between 2016 and 2021Figure 24 North America to Lead the Photovoltaic Market Between 2016 and 2021Figure 25 North America to Lead the Medical Technology & Life Sciences Market Between 2016 and 2021Figure 26 Asia-Pacific to Register the Highest CAGR Between 2016 and 2021Figure 27 Asia-Pacific to Register the Highest CAGR Between 2016 and 2021Figure 28 Europe and Asia-Pacific to Register the Highest CAGR Between 2016 and 2021Figure 29 North America Will Continue to Lead the Others Segment Between 2016 and 2021Figure 30 Media, Broadcasting & Telecommunication is the Largest End-Use Industry of PhotonicsFigure 31 Europe is the Fastest-Growing Market for Photonics in Building & Construction (USD Billion)Figure 32 Asia-Pacific Expected to Be the Largest Market for Photonics in Media, Broadcasting & Telecommunication Industry (USD Billion)Figure 33 Europe is the Fastest-Growing Market for Photonics in Consumer & Business Automation (USD Billion)Figure 34 North America is the Largest Consumer of Photonics in Medical Segment (USD Billion)Figure 35 Asia-Pacific is the Fastest-Growing Market for Photonics in Security & Defense (USD Billion)Figure 36 Asia-Pacific is the Fastest-Growing Market for Photonics in Industrial Segment (USD Billion)Figure 37 Asia-Pacific is the Fastest-Growing Market for Photonics in Other End Use Industries(USD Billion)Figure 38 Emerging Markets as New Strategic Locations for Rapid GrowthFigure 39 The North American Market Snapshot: Increase in Consumption of Photonics (20162021)Figure 40 The European Market Snapshot: Country-Wise Consumption of Photonics in Infrastructure & Construction, Oil & Gas, and MarineFigure 41 Asia-Pacific Market Snapshot: China and India Lead the Consumption of PhotonicsFigure 42 Companies Adopted New Product Launches as the Key Growth Strategy Between 2012 and 2016Figure 43 Market Evaluation Framework: New Product Launches Fueled Growth Between 2014 and 2016Figure 44 Royal Philips NV: Company SnapshotFigure 45 Royal Philips NV: Company SnapshotFigure 46 Schott AG: Company SnapshotFigure 47 Schott AG: SWOT AnalysisFigure 48 Shin-Etsu Chemical Company Limited: Company SnapshotFigure 49 Shin-Etsu Chemical Company Limited: SWOT AnalysisFigure 50 Nikon Corporation: Company SnapshotFigure 51 Nikon Corporation: SWOT AnalysisFigure 52 Hoya Corporation: Company SnapshotFigure 53 Hoya Corporation: SWOT AnalysisFigure 54 Corning Incorporated: Company SnapshotFigure 55 Corning Incorporated: SWOT AnalysisFigure 56 Ohara Inc.: Company SnapshotFigure 57 Asahi Glass Company Limited: Company SnapshotFigure 58 II-VI Inc.: Company Snapshot

The global photonics market size is estimated to reach USD 724.22 Billion by 2021, registering a CAGR of 8.4% between 2016 and 2021. Photonics are widely recognized and are used as optical fiber in data transmission and storage, lasers in manufacturing, welding & cutting process, detection systems, LEDs & CFLs for advanced lighting, and LEDs and LCDs for displays. Photonics products offer high performance and durability with energy saving capabilities. These products also reduce carbon footprint, making it environmentally friendly. All these factors drive the market for photonics globally.

Media, broadcasting & telecommunication accounted for the largest share of the overall photonics market and is expected to continue so throughout the forecast period. Photonics are used in these industries for communication, data storage, and data sharing purposes. High speed internet and high quality voice calling has undergone revolutionary trends with the usage of photonics products.

Companies carry out intense research & development activities to innovate and develop new products which open up new avenues of applications. New products such as Philips Coral Care and Cornings ClearCurve have been launched as a result of intense R&D efforts. This has opened up new application areas for photonics.

Growing building & construction and media, broadcasting & telecommunication sectors has increased the demand for photonics. Asia-Pacific accounts for the largest share of the global photonics market. It is also the fastest-growing market. China is projected to account for the largest share in the Asia-Pacific in 2021 with India registering the fastest growth rate during the forecast period. Japan houses prominent photonics companies such as Nikon Corporation, Shin-Etsu Chemical Company Limited, and Hoya Corporation. The U.S. is the largest market for photonics in North America

Stringent environmental regulations restrict the use of certain chemicals, which enhances the performance of photonics products, during the manufacturing of photonics. This is a major restraint in the photonics market.

Companies adopt new product development, expansion, partnerships, agreements, and collaboration to expand their market share and distribution network in the global photonics market.

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